Global Mining Investing is a reference eBook to teach investors how to think and act as investors with a underlying theme of managing risk. The book touches on a huge amount of content which heavily relies on knowledge that can only be obtained through experience...The text was engaging, as I knew the valuable outcome was to be a better thinker and investor.

While some books (such as Coulson’s An Insider’s Guide to the Mining Sector) focus on one particular commodity this book (Global Mining Investing) attempts (and does well) to cover all types of mining and commodities.

Monday, September 29, 2008

The US Congress has reneged on a prior commitment to bail out investment banks. The bill was rejected overwhelmingly by Republicans in the Senate whereas Democrats supported the Bank Stabilisation Bill. Congress has collectively just undermined confidence in the whole global financial system. The implication will be an ongoing freeze in lending, a run on the banks and further bank failures. The Congress believes taxpayers should not bail out badly run banks. But this is not management issue, the problem is the lack of regulation of the banks and the Republicans only monetary policy.You would think Republicans in the US Congress would have learned something from the Great Depression. In the 1920s the Congress supported the misuse of credit for over a decade. This was not however the sole cause of that protracted depression since the Fed at that time made the same mistake of not supporting the banks. This resulted in the collapse of thousands of banks.In this economic cycle the Congress has embraced 'easy money' for two decades. It was amazing that Congress supported the blow out in US debt. Having done so , its current decision is even more surprising. It would be nice to think that the Republicans in Congress had principles. We knew they didn't for the two decades they supported easy money. But its reported that Republicans did not support the bill because the voters didn't want it. The problem of course is that the public don't understand the issues. Economics is a complex subject, but actually its a small challenge to understand the problem.

The US banking system is highly leveraged. Investment banks rely on derivatives to insure their risks. What insurance does is limit the risk on the downside so that the investment banks can expose themselves to all the upside. The risk is covered by the counter-party in the derivatives transaction. The counter-party is fully exposed to its position. It can hedge its risk with more derivatives contracts with other financial institutions. The problem is that this spreads the exposure. Derivatives make sense if debt levels are kept at reasonable levels, but if they aren't then the whole financial system is vulnerable. One large bank failure is likely to precipitate the collapse of the whole system.

It's hard to believe that Congress will not overturn this decision. More concerning is the lack of reason in this decision. The way this issue is being handled castes dispersions upon the way our financial system is managed, not to mention the way our political process functions. I have of course been highlighting these problems publicly for several years now. It should spark a debate about the legitimacy of our fragile democracy and our financial system. Reason needs to be the standard.

This decision highlights an abysmal incapacity of this government to communicate to vested interests. More concerning still is that it highlights an incapacity for Bush to lead his party. More concerning still is that Republicans are abandoning the party in order to comply with their constituency, the voter, who just doesn't understand the issues. Of course if the media frame a question to voters "Do you want to bail out the banks with your money?" - of course a voter is going to be strongly opposed. Some I dare say would be sending emails to their Congressman. If the media have framed the question "Are you willing to support the bail out of the banks to protect the financial system and your jobs?" then the voter is likely to support this.

The implication then is that the media has precipitated this crisis as much as the Republicans in Congress. The problem of course are journalists who don't understand how the economy works framing questions in a way which is driving policy rather than following it.

May one day we live in a society wherwe reason is the standard because people - most people - have totally lost their sense of reality. The reality however is that this is just political posturing. I can guarantee that Congress will meet again in the next day and miraculously agree to terms. The whole ploy was about Republican Congressmen distancing themselves from the Bush Administrration, whilst at the same time appearing to act in the interests of their electorate. At the end of the day, its about keeping their jobs.

Over the years, this ebook has been enhanced with additional research to offer a comprehensive appraisal of the Japanese foreclosed property market, as well as offering economic and industry analysis. The author travels to Japan regularly to keep abreast of the local market conditions, and has purchased several foreclosed properties, as well as bidding on others. Japan is one of the few markets offering high-yielding property investment opportunities. Contrary to the 'rural depopulation' scepticism, the urban centres are growing, and they have always been a magnet for expatriates in Asia. Japan is a place where expats, investors (big or small) can make highly profitable real estate investments. Japan is a large market, with a plethora of cheap properties up for tender by the courts. Few other Western nations offer such cheap property so close to major infrastructure. Japan is unique in this respect, and it offers such a different life experience, which also makes it special. There is a plethora of property is depopulating rural areas, however there are fortnightly tenders offering plenty of property in Japan's cities as well. I bought a dormitory 1hr from Tokyo for just $US30,000.You can view foreclosed properties listed for as little as $US10,000 in Japan thanks to depopulation and a culture that is geared towards working for the state. I bought foreclosed properties in Japan and now I reveal all in our expanded 350+page report. The information you need to know, strategies to apply, where to get help, and the tools to use. We even help you avoid the tsunami and nuclear risks since I was a geologist/mining finance analyst in a past life. Check out the "feedback" in our blog for stories of success by customers of our previous reports.

The Philippines property market remains one of the strongest in Asia thanks to rising incomes, rising population and rapid rates of urbanisation. The administrative reforms of the Arroyo government have given way to improved administration under Aquino. ASEAN countries can be expected to achieve even greater price gains than Western markets, demonstrating that this super cycle is far from over. Buying Philippines Property 2010 - Downloadthe table of contents or buy this 2-volume eBook at our online store for just $US19.95.

Investment Strategy

If you are investing for the long term, you still need an investment strategy. Dont be fooled by the rhetoric of fund managers. The reason they advise you to 'buy & hold' is because they dont want to compete with you in sell-offs. Markets and industrial sectors are cyclical, so they demand trading to get the best returns. Fund managers actually cant hope to match the performance of small investors (if you are half good) because they have to manage huge amounts of funds and charge you a fee besides.MY ADVICE is (i) look at a range of market indices and decide upon what level of correction would give you the justification you need to get in & out of the market. It might be a 5-10% retracement or a break of trend. (ii) Diversify if you dont have an intimate knowledge of the company or management. More than 30% in one company is aggressive.

The NZ property market is shaping up as one of the most attractive property investment markets for the next few years. High yielding property and the collapse of the NZD make NZ the perfect counter-cyclical investment if you buy right! In addition, there is no capital gains tax, transfer taxes, VAT/GST or wealth taxes in NZ, so rest assured that NZ property is tax-effective! Learn more now!

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Over the years, this ebook has been enhanced with additional research to offer a comprehensive appraisal of the Japanese foreclosed property market, as well as offering economic and industry analysis. The author travels to Japan regularly to keep abreast of the local market conditions, and has purchased several foreclosed properties, as well as bidding on others. Japan is one of the few markets offering high-yielding property investment opportunities. Contrary to the 'rural depopulation' scepticism, the urban centres are growing, and they have always been a magnet for expatriates in Asia. Japan is a place where expats, investors (big or small) can make highly profitable real estate investments. Japan is a large market, with a plethora of cheap properties up for tender by the courts. Few other Western nations offer such cheap property so close to major infrastructure. Japan is unique in this respect, and it offers such a different life experience, which also makes it special. There is a plethora of property is depopulating rural areas, however there are fortnightly tenders offering plenty of property in Japan's cities as well. I bought a dormitory 1hr from Tokyo for just $US30,000.You can view foreclosed properties listed for as little as $US10,000 in Japan thanks to depopulation and a culture that is geared towards working for the state. I bought foreclosed properties in Japan and now I reveal all in our expanded 350+page report. The information you need to know, strategies to apply, where to get help, and the tools to use. We even help you avoid the tsunami and nuclear risks since I was a geologist/mining finance analyst in a past life. Check out the "feedback" in our blog for stories of success by customers of our previous reports.